Business, 19.09.2019 16:20, cchave9563

The following transactions occurred during 2021 for the beehive honey corporation: feb. 1 borrowed $30,000 from a bank and signed a note. principal and interest at 8% will be paid on january 31, 2022. apr. 1 paid $7,200 to an insurance company for a two-year fire insurance policy. july 17 purchased supplies costing $4,600 on account. the company records supplies purchased in an asset account. at the year-end on december 31, 2021, supplies costing $2,150 remained on hand. nov. 1 a customer borrowed $7,200 and signed a note requiring the customer to pay principal and 6% interest on april 30, 2022. required: 1. record each transaction in general journal form. 2. prepare any necessary adjusting entries at the year-end on december 31, 2021. no adjusting entries were recorded during the year for any item.

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The following transactions occurred during 2021 for the beehive honey corporation: feb. 1 borrowed...